Aerospace Valves Global Strategic Research Report 2024: Market to Reach $15.4 Billion by 2030 - MRO Services and Aircraft Replacement Demand to Drive Long-Term Growth


Dublin, April 09, 2024 (GLOBE NEWSWIRE) -- The "Aerospace Valves - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

Global Aerospace Valves Market to Reach $15.4 Billion by 2030

The global market for Aerospace Valves estimated at US$10.8 Billion in the year 2023, is projected to reach a revised size of US$15.4 Billion by 2030, growing at a CAGR of 4.5% over the analysis period 2023-2030.

The aviation sector's downturn significantly impacts the demand for aerospace valves, with a staged recovery anticipated over the long term. Despite established vendors facing fierce competition from local players, the global aerospace valves market seems poised for growth, albeit hampered by the COVID-19 pandemic.

Rising demand for new aircraft, coupled with the expansion of the commercial aircraft industry and the need for frequent valve replacements, drives market dynamics. Additive manufacturing emerges as a significant trend, although volatile raw material prices and limited innovation pose challenges. However, IoT-powered valves present opportunities for advancement.

Steel Aerospace Valves, one of the segments analyzed in the report, is projected to record 5.2% CAGR and reach US$6.3 Billion by the end of the analysis period. Growth in the Titanium Aerospace Valves segment is estimated at 4.4% CAGR for the next 8-year period.

The market analysis covers material, valve type, aircraft type, and end-use, with developed regions leading in revenue contribution while developing markets show potential for improved growth. North America notably dominates the aerospace valves market with a majority stake.

The U.S. Market is Estimated at $3.9 Billion, While China is Forecast to Grow at 6.3% CAGR

The Aerospace Valves market in the U.S. is estimated at US$3.9 Billion in the year 2023. China, the world's second largest economy, is forecast to reach a projected market size of US$1.6 Billion by the year 2030 trailing a CAGR of 6.3% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.4% and 4.4% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 3.9% CAGR.

Exciting New Report Features

  • Full access to influencer engagement stats
  • Complimentary report updates for one year
  • Competitor coverage with global market shares of major players
  • Player market presence analysis (Strong/Active/Niche/Trivial) across multiple geographies
  • Access to curated YouTube video transcripts of domain experts/influencer interviews, podcasts, press statements and event keynotes


Key Attributes:

Report AttributeDetails
No. of Pages567
Forecast Period2023 - 2030
Estimated Market Value (USD) in 2023$10.8 Billion
Forecasted Market Value (USD) by 2030$15.4 Billion
Compound Annual Growth Rate5.2%
Regions CoveredGlobal



MARKET OVERVIEW

  • Drop in Aviation Sector Impacts Demand for Aerospace Valves
  • Staged Recovery over Long-Term
  • Competitive Scenario: Established Vendors in Aerospace Valves Market Facing Fierce Competition from Local Players
  • Aerospace Valves - Global Key Competitors Percentage Market Share in 2023 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2023 (E)
  • Global Aerospace Valves Market Appears Poised to Soar to New Heights: Global Market Prospects & Outlook
  • COVID-19 Pandemic Clips Wings of Global Aerospace Valves Market
  • Interesting Dynamics Means Brisk Business for Global Aerospace Valves Market
  • Rising Demand for New Aircraft
  • Expansion of Commercial Aircraft Industry
  • Frequent Replacement of Aircraft Valves
  • Additive Manufacturing as Big Trend
  • Volatile Prices of Raw Materials & Limited Innovation
  • Opportunity: IoT-Powered Valves
  • Analysis by Material
  • World Aerospace Valves Market by Material (2024 & 2030): Percentage Breakdown of Sales for Steel, Titanium, Aluminum, and Other Materials
  • Analysis by Valve Type
  • World Aerospace Valves Market by Type (2024 & 2030): Percentage Breakdown of Sales for Check Valves, Pressure Control Valves, Ball Valves, Butterfly Valves, Relief Valves, Solenoid Valves, and Other Valves
  • Analysis by Aircraft Type
  • World Aerospace Valves Market by Aircraft Type (2024 & 2030): Percentage Breakdown of Sales for Fixed Wing, and Other Aircraft Types
  • Analysis by End-Use
  • Aerospace Valves Market by End-Use by Global, North America, and Europe (2024E): Percentage Breakdown of Sales for Aftermarket, and OEM
  • Regional Analysis: Developed Regions, Primary Revenue Contributors
  • Developing Markets to Register Improved Growth
  • North America Sweeps Aerospace Valves Market with Majority Stake

MARKET TRENDS & DRIVERS

  • Pandemic Impact on the Aerospace Industry and the New Normal
  • Global Airline Industry Market Reset & Trajectory - Market Size Outlook (In US$ Billion) For Years 2018 Through 2024E
  • Post Pandemic, Growing Commercial Aviation Sector to Guide Growth Opportunities
  • Global Commercial Airline Revenues (in US$ Billion) for the Years 2010. 2015, 2020, and 2025
  • Aircraft Replacement Demand Supports Growth
  • Aircraft MRO Services: Huge Opportunity to Drive Long-Term Growth
  • Global MRO Spending (In US$ Billion) by Segment for the Years 2020 & 2027
  • Spurt in Air Passenger Traffic and Need for Modern Aircraft Presents Growth Opportunities
  • Global Aircraft Deliveries by Region: 2021-2040
  • Global Commercial Aircraft Fleet Projections: Breakdown of Fleet (in Units) by Region for 2019 and 2040
  • Spending Patterns in the Defense Sector to Strengthen Growth Prospects
  • Defense Expenditure Worldwide in US$ Billion for the Years 2011 through 2023
  • Leading Countries Ranked by Defense Budgets in US$ Billion for 2023
  • As the World Steps Up Military Spending in the Wake of the Russia Ukraine War, Military Grade Aerospace Valves are Poised to Benefit from the Unfortunate State of Global Geo-Political Affairs
  • Germany's Historic Military Investments in 2022 Exemplifies the Prevailing Global Sentiment that the World is a Dangerous Place Where the Threat of Authoritarian States Can be Resisted Only With Big-Ticket Military Capabilities: Military Spending by Top Countries in 2023(E) (In US$ Billion)
  • Rising Demand for Fixed Wing Fighter Aircraft: A Favorable Scenario for Aerospace Valves Market
  • Zero-Leak Valves for Cutting Emission and Green Energy
  • Solenoid Valve Finds Usage in Controlling Tank Pressure for Critical Applications
  • Additive Manufacturing and 3D Printing Enter the Fasteners Ecosystem
  • Titanium Evolves as an Important Valve Material
  • Aluminum Loosing Sheen as Widely Used Valve Material for Aircrafts
  • Advanced Designs for Niche Application Areas of Brake Systems
  • Intake and Exhaust Valves Critical for Engine Performance Improvement
  • Valves for Engine Lubrication Systems
  • Valves in Aircraft Hydraulic Systems Help Maintain Pressure
  • Sophisticated Valves Maintain Fuel System Integrity
  • Performance is Critical for Spacecraft Valves
  • Advanced Technology Offerings for Terrestrial Valves
  • Issues & Challenges
  • Long-Term Supply Contracts Narrow Operating Margins for Ti Suppliers
  • Common Pain Points Experienced by Aerospace Manufacturers
  • Need to Improve Valve Efficiency

FOCUS ON SELECT PLAYERS(Total 100 Featured)

  • Eaton Corporation PLC
  • Collins Aerospace
  • Crane Aerospace & Electronics
  • Circor International, Inc.
  • Aero Fluid Products
  • Circor Aerospace, Inc.
  • Crissair, Inc.
  • Curtiss-Wright Valve Group
  • Aero Space Controls Corporation
  • AeroControlex Group
  • Beswick Engineering Co., Inc.
  • Emerson Electric Co.
  • G.W. LISK Company, Inc.
  • Cla-Val
  • Committee for Aviation and Space Industry Development (CASID)

For more information about this report visit https://www.researchandmarkets.com/r/2hm8ri

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